My first comments on the DFS Given that the objective was to fulfill the conditions of the 2nd tranche of financing; that the DFS is supported by the same drill results as the PFS (August 2022); that 24,443 meters of additional drilling were not considered; it's an excellent report. The potential for mineral resource expansion is just as great today as it was yesterday.
This DFS is more similar to Robex's business model, given the grade processed which goes from 1.34 g/t to 1.09 g/t; the stripping ratio which goes from 4.4 to 2.8; and the cut-off which goes from 0.4 to 0.3 in the oxidized zones. This is how Robex achieves long-term economic efficiency. The increase in mineral reserves/resources and the improvement of all the economic parameters is therefore the consequence of the transformation towards the type of exploitation of Robex, and the processing of a greater proportion of oxidized ores.
Finally, everything is based on a gold price of US$1650 and therefore an IRR which could go from 42% to 65%.